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Max,
I personally would talk to an accountant regarding this.
Best Wishes,
Mitch
I personally would talk to an accountant regarding this.
Best Wishes,
Mitch
Does that include autocross? I haven't tried autocross yet but want to. I hear it is safe with no real risk of wrecking the car. Would the insurance company or auto dealer even know if you are autocrossing?transio said:1. If you race it you'll have to get add'l insurance
2. If you race it, you'll lose your warranty
Consider those into your expenses.
I doubt the IRS would let him have it both ways. If he's not racing it in SCCA-backed events, how can he write it off as a valid advertising expense?Randy Chase said:For that reason, the official stance of SCCA is that autocross is not racing
When I spoke with Clyde at Lotus USA last year IIRC he told me that the cars are NOT covered under warranty if you race them. Reason being a lot of inept ( guys with the money to buy the car and play racecar driver) Esprit owners tracked their cars, tore the HELL out of them, then expected Lotus to replace everything.chuck-03 said:.
Also, I talked to the Dealership owner in St. Louis. He said that racing your elise will not void the warranty. Lotus knows these cars were built for the track.
Frank
#4 in St. Louis
Ding!DetailersParadise said:What about if you are a corporate officer and the car is part of your employment package?